BroadVision is a Key Component to BuildNet's Supply Chain Optimization; BroadVision Helps Power B2B E-Commerce Solution for Construction Industry.Business Editors/High-tech Writers REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Sept. 20, 2000 BroadVision(R), Inc. (Nasdaq:BVSN BVSN Broadvision, Inc. (stock abbreviation, AMEX) ), a leading provider of personalized e-business applications, announced today that BuildNet, Inc., a leading provider of e-commerce services and management software to contractors, dealers, distributors, and manufacturers in the building industry, has enabled its Web site, BuildNet.com, with interactive catalog capabilities using BroadVision e-commerce applications. BroadVision is a key component driving BuildNet's interactive, searchable catalogs, user-specific information retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. , and data storage features. BuildNet is a B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business enabler whose object is to synchronize See synchronization. and optimize the supply chain for the construction industry using secure, Internet-based procurement, e-commerce and information services See Information Systems. for contractors, suppliers, manufacturers, and homeowners. "We realized that scalability and open architecture were critical factors in the success of our Web site, BuildNet.com," said Steve Smoot, BuildNet vice president of strategic marketing. "With BroadVision's proven track record and versatile functionality, we were able to get the catalog aspect of our site up and running quickly, with a high degree of interactive usability." "BuildNet has the recipe of a successful public marketplace," said Rani ra·ni also ra·nee n. pl. ra·nis also ra·nees 1. The wife of a rajah. 2. A princess or queen in India or the East Indies. Merritt, executive vice president and general manager of worldwide marketing at BroadVision. "We are pleased BuildNet selected BroadVision e-commerce solutions to power their business-to-business exchange for the residential construction industry. By providing BuildNet with the technology to move procurement, e-commerce and information services online, BroadVision helps eliminate supply chain inefficiencies, a common problem for B2B exchanges." BuildNet is using BroadVision Business Commerce to power its multi-source catalog for building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . targeted at contractors, suppliers, manufacturers and homeowners. BuildNet's web-based catalog contains more than 10,000 SKUs (numeric tags that identify specific products) and is designed to supplement the contractor's back office project management software systems with real-time information delivered through the Internet. The catalog offers live online links from a builder's bill of materials The list of components that make up a system. For example, a bill of materials for a house would include the cement block, lumber, shingles, doors, windows, plumbing, electric, heating and so on. to the contractor's preferred local dealers and distributor's catalogs. This allows BuildNet-enabled contractors to engage in real-time, highly informed purchasing decisions based on the latest product offerings. With access to real demand data, suppliers can more effectively manage inventory resulting in less wasteful overstock. The residential construction industry is plagued with supply chain inefficiencies. Contractors, suppliers and manufacturers lack accurate and timely information on product requirements; building materials are transferred multiple times through the supply chain; and procurement processes are paper-based and labor intensive Labor Intensive A process or industry that requires large amounts of human effort to produce goods. Notes: A good example is the hospitality industry (hotels, restaurants, etc), they are considered to be very people-oriented. See also: Capital Intensive, Trading Dollars . BuildNet allows users to confirm pricing and product specifications, place purchase orders, and add both product and order information automatically to contractors' and suppliers' management systems. BroadVision's personalization features display content targeted to user profiles and purchase history, making browsing and purchasing through BuildNet simple and intuitive. This is also an effective way to brand through the contractor to the homeowner. If a homeowner has shown interest in upgrade bathroom fixtures, the contractor will be able to suggest the same high-end fixtures for the kitchen or slab granite countertops. In the future, BuildNet.com plans to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. BroadVision's cross selling and personalization features by expanding its offering to include mass customization. About BuildNet BuildNet, Inc., located in Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C., is a leading provider of management software and e-commerce services to contractors, dealers, and suppliers in the residential construction industry. BuildNet's objective is to be the business-to-business e-commerce solution for the residential construction industry. To reach that objective, BuildNet has designed the BuildNet E-Building Exchange to provide secure Internet-based procurement, e-commerce and information services for contractors, dealers, suppliers, and manufacturers. The BuildNet E-Building Exchange will allow users to confirm pricing and product specifications, place purchase orders and add both product and order information automatically to builders', dealers', suppliers' management systems. In addition, manufacturers will be able to place product information and catalogs on the BuildNet E-Building Exchange for access by contractors, dealers, and suppliers. BuildNet is testing the BuildNet E-Building Exchange and expects to initiate a limited market rollout in 2000. BuildNet's aggregated software customer base includes contractors that accounted for approximately 60% of 1999 U.S. single-family home closings. Learn more about BuildNet by visiting www.buildnet.com About BroadVision BroadVision (Nasdaq:BVSN, Neuer Markt:BDN BDN Borland Developer Network BDN Bangor Daily News (Maine, USA) BDN Business Development Network BDN Bell Data Network BDN Bulk Data Network BDN Busy Doing Nothing (band) BDN Buffered Delta Network ) develops and delivers an integrated suite of packaged applications for conducting e-commerce interactions and transactions. Global enterprises and government entities use these applications to sell, buy and exchange information over the web and on wireless devices. The BroadVision e-commerce application suite enables a corporation to become more competitive and profitable by establishing and sustaining high-yield relationships with customers, suppliers and employees. BroadVision services professionals, supported by over 100 partner organizations worldwide, transform these applications into business value for our customers through consulting, education, and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services in more than 34 countries. BroadVision -- founded in 1993, public since 1996, profitable since 1998 -- has over 1,000 customers. IDC ranks BroadVision as the world's leading provider of e-commerce software applications (International Data Corp., E-Commerce Software Applications Market Forecast and Analysis, 2000-2004). BroadVision is headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. and can be reached at 650/261-5100 or info@broadvision.com. Note to Editors: BroadVision is a registered trademark and BroadVision One-To-One is a trademark of BroadVision, Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. Other names herein may be the property of their respective owners. |
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